- Sirios Resources (SOI) reported an updated resource estimate for the Cheechoo project
- The company noted that the deposit now includes 74 per cent of the gold ounces classified as indicated resources
- The gold grade of these indicated resources also shows an increase of 45 per cent over the 2020 estimate
- President and CEO Dominique Doucet sat down with Daniella Atkinson to discuss the news
- Sirios Resources Inc. (SOI) opened trading at C$0.055 per share
Sirios Resources (SOI) reported an updated resource estimate for the Cheechoo project.
The company noted that the deposit now includes 74 per cent of the gold ounces classified as indicated resources. The gold grade of these indicated resources also shows an increase of 45 per cent over the 2020 resources. This estimate includes the presence of indicated resources for the first time.
The updated resource estimate is based on an open pit development model that includes indicated resource of 1.4 million ounces of gold contained in 46.3 million tonnes at an average grade of 0.94 g/t Au and an inferred resource of 0.5 million ounces of gold contained in 21.1 million tonnes at an average grade of 0.73 g/t Au.
The company was able to refine the geological modelling and improve the structural understanding of the high-grade zones and refine several interpolation parameters with optimized recovery rates and increase the average grade of the resource.
Sirios’ President and CEO, Dominique Doucet, sat down with Daniella Atkinson to discuss the news.
Sirios Resources Inc. is a pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, focusing primarily on its Cheechoo gold discovery while actively exploring the gold potential of its other properties.
Sirios Resources Inc. (SOI) opened trading at C$0.055 per share.
